Deeptech startup Jungle is tackling machine underperformance, predominantly for the renewable energy sector. With rising costs of living, a soaring energy crisis and an increasingly concerning climate crisis, Europe’s sustainable energy transition is at a critical point. While the renewables sector has developed different machines and tech to provide sustainable energy, maintaining the performance and component health of these machines can produce some hurdles to jump over. Using AI to resolve underperformance and improve machine productivity, deeptech startup Jungle has just picked up new investment. Jungle develops and applies AI to enhance the performance of different machines used in industrial and renewable energy sectors. Currently, the tech is mostly being used by the owners and operators of wind farms, solar farms, and manufacturing lines to identify and resolve underperformance, allowing them to improve production.
With Jungle, already installed wind turbines and solar panels can generate more electricity, accelerating the energy transition. Amidst a growing energy crisis in Europe, tech that enables us to better leverage renewable energy sources will prove critical both for energy providers’ ability to keep up with demand, as well as to help keep costs down for the end user. Jungle’s AI product Canopy creates a deep understanding of machine performance and component health by detecting impending failures ahead of time and underperformance issues, such as curtailment and component misalignment. This allows customers to significantly increase the availability, output, and lifetime of their assets. Jungle also offers inter- and intraday power forecasting tailored to the specifics of the wind- and solar farms of its customers. Based in Lisbon, the Dutch-Portuguese company has developed its services into a web application and is continuously developing the product to ensure it is maximizing energy production from assets. Already working on a global scale, the startup has plans to support the world’s transition to renewable energy sources. The new funding will be used to strengthen the team and expand the product offering to a growing number of customers across additional markets and sectors, supporting Jungle’s mission to resolve machine underperformance and empower the people behind it.